China PMI export order dropped to 50.4 in March

China's March PMI New Export Order came out as 50.4 in the morning session of 31 March, suggesting Chinese export order may have seen marginal sequential growth in March comparing to February. But March's 50.4 comparing to February's 52.4 means growth decelerated over the past month. Softness of exports from China could be a combination of the market share losses and overall soft demand in the western hemisphere. In terms of container shipment volume, China has been losing market share to the